If you’re thinking about selling your home, it's important to have a good understanding of what’s going on in the Sonoma County market.
Knowing the most important data such as the average sales price, the number of homes sold, and days on market will better prepare you to sell your home. Homes are selling at a high rate, we interpret this as buyers are taking advantage of the historically low-interest rates and are moving quickly because of the low inventory. Meanwhile, far fewer homes are available for sale right now compared to this time last year. This means significantly less competition for sellers - this could help properties hold on to their value. This also means far fewer options for buyers. While there are deals showing up, we are still seeing competitive situations and multiple offers for highly desirable and well-priced homes. For example, we just received 3 offers on a home that was on the market for only 9 days.
Our March market report showcases everything more you need to know about local real estate trends.